Let’s understand how we reached to this figure:ġ0% of Basic Salary = 10 * Rs. 95,400 as HRA and reduce this amount from Taxable income to calculate your Income Tax using Old Tax Regime. #2 calculation above is minimum of all 3. Let’s consider below example of Rent, Basic Salary and HRA: HRA Exemption Calculator using Excel by FinCalCĪnd below are the calculations based on above calculation formulas: HRA Exemption Amount Calculator
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